“The economy of the United States gross domestic product doubled from 1996 to 2015, doubled, more than, $8.8 trillion to $17.1 trillion. And the median household income went down.” StatesUnitedUnited StatesEconomyProductsIncomeHouseholdGrossGross Domestic ProductMedian Author:Mark Shields
“The value of land must, in the future, be assessed on its yield of potable water. Those property-owners with a constant source of pure water already have an economically-valuable "product" from their land, and need look no further for a source of income.” NeedsLooksValuesWaterLandProductsSourcePureConstantPropertyValuableIncomeOwnersYieldPure Water Author:Bill Mollison
“80% of all products and services that will be on the market in five years do not exist today. So therefore, always be innovative, always be creative, always think, 'What new products or services could I create, could I represent, could I joint venture?" Sometimes you can find someone else that has a fabulous product or service that you can use your existing business or resources to sell and you can double your income or sales in your business by selling somebody else's product to the same customers that are buying yours.” ThinkingYearsSometimesUseTodayCreativeFiveProductsResourcesSellsCustomersIncomeSellingFive YearsBuyingVentureBe CreativeFabulousInnovativeJointsNew ProductsJoint Ventures Author:Brian Tracy
“If the present American laws concerning the taxation of the profits of corporations, the incomes of individuals, and inheritances had been introduced about 60 years ago, all those new products whose consumption has raised the standard of living of the 'common man' would either not be produced at all or only in small quantities for the benefit of a minority. The Ford enterprises would not exist if Henry Ford's profits had been taxed away as soon as they came into being.” IfsMenYearsLawIndividualCommonProductsBenefitsStandardsYears AgoRaisedProfitIncomeCorporationsEnterpriseMinoritiesQuantityConsumptionTaxationInheritanceStandards Of LivingCommon ManNew ProductsAmerican Law Author:Ludwig von Mises
“If drugs were legalized in the US, the Mexican economy would collapse since the earnings from drugs bring in more hard currency than its largest licit source, oil sales. Mexico is a corrupt state that has now become dependent on the earnings on an illegal product. But inevitably, the product will become legal and then Mexico will retain its corruption but must face the needs of its citizens now employed by the drug industry who have become steeped in violence and conditioned to higher incomes.” IfsNeedsHardStatesFacesEconomyViolenceProductsSourceIndustryHigherCitizensDrugCorruptionOilIncomeDependentIllegalMexicoCollapseCurrencyEarningEmployedMexican Author:Charles Bowden
“If you look at payments to labor as a proportion of national income or gross domestic product, you find profits going way up, investment and savings going up.” IfsWayLooksProductsLaborInvestmentProfitIncomeSavingProportionGrossPaymentSavingsGross Domestic Product Author:Michael Hudson
“I like to take CEOs into consumers' homes to see the "real world." CEOs have privileged lives with big incomes, lots of help, access to just about anything they wish. The average consumer lives on $53,000 a year and has daily tradeoffs and compromises that must be made. I took a CEO into a trailer park so he could observe first-hand - and understand - how consumers use his product.” WorldYearsFirstsMadeRealHelpingUseHomeHandsBigsWishProductsAverageAccessIncomeCompromiseConsumersParksReal WorldPrivilegedCeoTrailersTrailer ParkPrivileged Life Author:Michael J. Silverstein